The equal-weighted S&P 500 index ($SPXEW) continues to advance above its key 50-day moving average, which it broke above following last Friday's broad-based rally in the markets. Friday's downtrend reversal took place after May's employment data delivered a positive... READ MORE
The price of gold was recently trading at an all-time monthly closing high. Since then, it has backed off, raising the question of whether that was "the" top or whether the subsequent short-term price decline represents a healthy digestion of previous price gains, which will serve... READ MORE
"The farther backward you can look, the farther forward you can see." - Winston Churchill In this exclusive StockCharts TV special, Larry is back to talk about a stock market correction ahead. There have not been any long term selling opportunities recently. However, right here & now, Larry thinks... READ MORE
Zillow Group, Inc. (ZG) has faced a lot of headwinds in 2021. It pulled the plug on its home flipping segment, Zillow Offers, a big revenue generator. That hurt the company's bottom line, but, since then, Zillow Group has exhibited signs of turning around. It's made... READ MORE
It's just like the entire month of May, when folks were saying "Sell in May and go away"-- but not us. We were telling you that the Big ViewRisk Gauges were all pointing to risk on. However, before that, on March 12, 2023, we also saw... READ MORE
In this episode of StockCharts TV's Sector Spotlight, wrapping up the month of May, I look back at developments in May for Asset Classes and Sectors. Using Monthly Relative Rotation Graphs and monthly charts, I talk you through the good and the not-so-good parts of the... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl opens the trading room with a discussion of Target (TGT) and Anheuser-Busch (BUD) technicals and compares them to their industry groups. Shareholders can't be pleased. After an overview of the market as a whole, Erin... READ MORE
Apple, Nvidia, Meta, Alphabet, Microsoft, Amazon, and Tesla have now been penned as the "Magnificent 7." Only around 25% of the S&P 500 stocks have outperformed the benchmark, while these stocks continue to show massive leadership. The Nasdaq is up around 15% year-to-date, outpacing... READ MORE
Trend-momentum strategies that trade stock-based ETFs should require two conditions before considering a position. First, broad market conditions should be bullish. This means being long stocks in bull markets and out of stocks in bear markets. Second, the trend for the ETF should be up. Employing these basic... READ MORE
I wasn't expecting a huge 4% move in small caps on Friday, but I was looking for this group to start flexing its muscles. I've been telling our EarningsBeats.com members that small caps were poised for a big move to the upside. We've... READ MORE
Last week, we asked, "Can the Retail ETF XRT hold here?" We wrote that the Consumer Sector ETF had some words for you. To summarize: 1. The test of the 80-month MA (green and price 56.24) on the last day of the month of May is... READ MORE
After posting decent gains in the week before this one, NIFTY chose to consolidate this time just below the key breakout levels. In the last five sessions, the markets stayed devoid of any direction throughout, consolidating just below key resistance and breakout levels. However, given all this consolidation in the... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson tours you through the chart annotation tools in both SharpCharts and ACP, our Advanced Charting Platform. Along the way, you'll see some helpful tips and tricks that will enhance your drawings and streamline your... READ MORE
Today, we saw broadening of participation by comparing the percentage change of the cap-weighted version of the S&P 500, SPY (+1.50%), versus the equal-weighted, RSP (+2.25%), which shows that today's RSP advanced 52% more than SPY. Our biggest beef with the SPY... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what's pushing the markets above resistance and how you can capitalize. She also highlights this week's rally in Bank stocks and whether the group is in an uptrend. This video was originally broadcast... READ MORE
What compels me to write a bold headline claiming one sector is obviously poised to break out to the upside? As a trend follower, I have three goals every day: identify trends, follow those trends, and anticipate when those trends may reverse. Simple, right? Energy has been the worst-performing... READ MORE
It's no surprise that the Technology sector was the most talked-about sector of the past several weeks. AI FOMO was everywhere on Wall Street as Nvidia (NVDA) and other AI stocks pulled ahead of their non-AI counterparts. In the end, Tech stocks, in general, kept the... READ MORE
DOW PLAYS CATCH-UP... A strong May jobs report and the passing of the debt ceiling bill have combined to give a big boost to stocks at week's end. The rally has been enough to push the Nasdaq to a new 52-week high and a ten-month... READ MORE
It's been a while since we discussed international stock markets. Above is the Relative Rotation Graph that shows the rotation for a group of international stock market indices against $DJW, The Dow Jones Global Index. Looking at this, chart I see two big(ger) rotations that are probably... READ MORE
During the pandemic, homes were buzzing with activity. Video calls, online convos, signing documents electronically... the list goes on. Now that things have normalized, some of those activities aren't as central to our lives as they used to be, and thus many of the "pandemic" stocks... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how to use 4 different MACD signals in multiple timeframes to tell us when to buy. He shows how MACD can confirm the MA lines, and ADX and help to improve timing and anticipate an entry.... READ MORE
The market's pulling back, but you expect the decline to be short-lived. You believe it's a mere dip, so you're scanning the market for a few stocks that might be on the verge of a strong upside reversal. One pattern you might want... READ MORE
Tuesday's Daily was all about the metals. On Wednesday, gold, miners, and silver all rallied. Is the bottom in on this last correction? Perhaps. Two interesting areas to watch now are the one-year PCE rate-adjusted. And the retail sector is now on critical lows. In other... READ MORE
The S&P 500 recently moved above its February high to extend its uptrend, but all is not well under the surface. Fewer stocks are participating in the May advance and a key breadth indicator formed a bearish divergence. Bearish divergences form when price records a higher high and... READ MORE
The recent strong performance by a few tech stocks has gained widespread attention, as has the disappointing market breadth. The result has been a soaring NASDAQ and a lagging NYSE Composite and Dow. Small cap stocks have also left a lot to be desired. The question is whether this divergence,... READ MORE
In gold futures, we were looking for a correction to around $1940 an ounce. The June contract fell to $1932. Now, it closed on the exchange at $1958. Plus, it had a new 60-day low and potential reversal pattern. The Gold ETF (GLD) has begun this week trading inside... READ MORE
In this episode of StockCharts TV's Sector Spotlight, wrapping up the month of May, I dive into the seasonal characteristics of the markets. I start with a quick look back at seasonal rotation during the current month, then assess the seasonal expectation for the S&P 500... READ MORE
BUD's stock price has fallen hard, but it may be at a critical buy point.Is the king of beers (or rather, its parent company) a good buy, or is it something to avoid for now? Let's take a closer look. What Happened to BUD? In... READ MORE
This past week, we have written a lot about tech (another AI-generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed. For this weekend, we want to invite you to have a listen to the live coaching Mish does exclusively for our... READ MORE
Sentiment was a HUGE problem for the bulls to start 2022 and now it's become a similarly big issue for the bears now. If you haven't noticed, most bulls don't begin to turn bearish until after all or most of the selling is complete.... READ MORE
After taking a brief breather last week, the Indian equities have now extended their up move. After trading buoyant and with limited downsides all through the last five sessions, the headline index ended on a decently positive note. The Nifty oscillated in a 329.70 points range and, while it... READ MORE
We're at a potentially exciting juncture in the markets, with bigger trend shifts shaping up that you might find surprising. With all the talk about sticky inflation, an uncertain interest rate outlook and recession fears amid tightening of bank lending, it's easy to throw your arms... READ MORE
Are stocks in a bull market phase at the moment? Well, that certainly depends on where you're looking. If you're analyzing the Nasdaq 100 index, or semiconductors, or AAPL, or NFLX, or a handful of other mega-cap growth names, then that is basically an undeniable... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the broader market's move following the strong earnings report from Nvidia (NVDA) Wednesday afternoon. She also discusses which areas were most impacted and how you can capitalize on the renewed interest in AI. The rally... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson tours you through the chart annotation tools in both SharpCharts and ACP, our Advanced Charting Platform. Along the way, you'll get some helpful tips and tricks that will enhance your drawings and streamline your... READ MORE
When the stocks of large-cap companies, such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), and Nvidia (NVDA), keep moving higher and higher in an uncertain economic environment, it can be a cause for concern. Maybe investors have forgotten about these uncertainties surrounding the financial market—inflation... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains how today was all about NVDA, semis, and sympathy moves. If we look under the hood, we continue to see that some names are doing great, while many others remain weak. Let's look at those names,... READ MORE
TALE OF TWO MARKETS... Previous messages have pointed out the growing gap between rising technology stocks and the rest of the market. That gap widened even further this week. Technology was once again the week's strongest sector thanks to surging chip stocks. The weekly bars in Chart 1... READ MORE
My research suggests that profit targets improve results for trend-momentum strategies that trade ETFs. Note that performance improvements may differ for other strategies. This article will first show a trend-momentum setup on the chart. I will then provide some performance metrics for a basic strategy with and without... READ MORE
In this edition of the GoNoGo Charts show, Alex takes a top-down approach to analyzing the markets using GoNoGo Charts unique approach. He shows how the major asset classes are performing, then looks at the macro factors that affect the equity markets. Treasury rates, gold, oil and the dollar... READ MORE